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>> a proposed $478 billion cut to defense. now we have another $500 billion cut defense that is working on the horizon. they insisted upon that type been involved in the debt negotiations. >> no one wants that, but i want to know how you do the math. >> you do not cut the defense by a trillion dollars. we will cut 80,000 soldiers, 20,000 marines, 120 cargo planes. if these cuts go through, our navy will be the smallest it has been since before world war i. this invites weakness. do we believe in peace through strength? you bet we do. do not cut the military by a trillion dollars. not increase it by a trillion, do not cut it by a trillion. >> we do not cut it. this so-called automatic cut, that was part of the debt deal they ask for. let me tell you what my friend said at a press conference. we have been looking for this moment for a long time. >> can i tell you what that meant? >> the bipartisanship was what he voted for the automatic cuts in defense because they did not act. the military says, we need a smaller army. we need
>> a proposed $478 billion cut to defense. now we have another $500 billion cut defense that is working on the horizon. they insisted upon that type been involved in the debt negotiations. >> no one wants that, but i want to know how you do the math. >> you do not cut the defense by a trillion dollars. we will cut 80,000 soldiers, 20,000 marines, 120 cargo planes. if these cuts go through, our navy will be the smallest it has been since before world war i. this invites...
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defending defense spending to democrats trying to save big bird, we have seen it at both debates and we are seeing it in races across the country. >> under president obama there has been $500 billion taken out of the military and sequestration going into affect that is another $500 billion which are draconian cuts that hurt our ability to protect the national security and the last few weeks have shown this is a very dangerous world. >>neil: that was ted cruz the republican senate candidate in texas with me yesterday in kentucky. now, fair and balanced, the democratic challenger. where do you, sir, see this race ultimately decided, not your own, in general, if you had to distinguish between parties right now. how do you look at it? >>guest: well, between myself and mr. cruz it is a very different background. i have legislative experience, i have passed major pieces of legislation in this state and i am the more -- he wants to get rid of the i.r.s., i will support social security and medicare and medicaid and that the difference. he wants to for wholesale changes to the programs. >>nei
defending defense spending to democrats trying to save big bird, we have seen it at both debates and we are seeing it in races across the country. >> under president obama there has been $500 billion taken out of the military and sequestration going into affect that is another $500 billion which are draconian cuts that hurt our ability to protect the national security and the last few weeks have shown this is a very dangerous world. >>neil: that was ted cruz the republican senate...
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don't cut defense by $1 trillion. that's what we're talking about. >> what national security issue -- >> who's cutting it by $1 trillion? >> -- would justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going to push the joint -- >> drawing down one war and one war -- >> if these cuts go through, our navy will be the smallest it has been since before world war i. this invites weakness. look, do we believe in peace through strength? you bet we do. we don't impose the devastating cuts on our military. we're saying don't cut the military by $1 trillion. not increase it by $1 trillion, don't cut it by $1 trillion. >> quickly, vice president biden on this. i want to move on. >> we don't cut it. i might add, this so-called, i know we don't want to use the fancy word, see quester the automatic cut. that was part of a debt deal they asked for. let me tell you what my friend said announcing he supported the deal, i'm paraphrasing, we've been looking for this moment for a long time
don't cut defense by $1 trillion. that's what we're talking about. >> what national security issue -- >> who's cutting it by $1 trillion? >> -- would justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going to push the joint -- >> drawing down one war and one war -- >> if these cuts go through, our navy will be the smallest it has been since before world war i. this invites weakness. look, do we believe in...
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cut defense by $1 trillion. that's what we're talking about. >> what national security issue can justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going on push the joint -- >> this invites weakness. look, do we believe in peace, you bet we do, and that means you don't impose these devastating cuts on our military. we're saying don't cut the military by $1 trillion. not increase it by $1 is trillion. don't cut it by $1 trillion. >> quickly, vice president biden. might want to move on. >> we don't cut it. i might add, i know we don't want to use fancy words to question this automatic cut. that was part of a debt deal that they asked for, and let me tell you what my friend said at a press conference announcing he supported the deal. he said we've been looking for this moment for a long time. >> i tell you what that meant? >> automatic cuts in defense that they didn't act, and beyond that they ask for another -- look, the military says we need a smaller, leaner army
cut defense by $1 trillion. that's what we're talking about. >> what national security issue can justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going on push the joint -- >> this invites weakness. look, do we believe in peace, you bet we do, and that means you don't impose these devastating cuts on our military. we're saying don't cut the military by $1 trillion. not increase it by $1 is trillion. don't cut it by $1...
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i think what we're seeing is an absence of an actual defense of ryan's performance so they're grabbing for libya. >> i want to go back to that because obstruction is not discussed enough on the national stage and paul ryan kept with this lie of we're trying to be bipartisan and biden repeatedly pointed out areas of obstruction. he pointed out congress' 7% approval rating, which is the point of obstruction, to ruin congress' rating so americans will throw out the party in power. he talked about the embassy security money being removed, he talked about if they just get out of the way. even the stimulus letter moment, which i loved. ryan is trying to attack the stimulus, and he said, well, you asked gor stimulus money twice. you wrote me two letters which proves republicans know that these policies are valuable and important and helpful to americans and still they oppose them. >> indeed. joy, the republican divorce from reality based thinking was evident inside the debate hall but you saw it outsides a well. take a listen to this. >> who said communist down here? what do you mean by that?
i think what we're seeing is an absence of an actual defense of ryan's performance so they're grabbing for libya. >> i want to go back to that because obstruction is not discussed enough on the national stage and paul ryan kept with this lie of we're trying to be bipartisan and biden repeatedly pointed out areas of obstruction. he pointed out congress' 7% approval rating, which is the point of obstruction, to ruin congress' rating so americans will throw out the party in power. he talked...
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ryan: they proposed a cut to defense to begin with, and now we have another $500 billion cut to defense that's lurking on the horizon. they encysted upon the cut involved in the debt negotiations. >> moderator: let's put the automatic defense cuts aside. no one wants that, but i want to know how do you do the math and have this increase in defense spending? ryan: you don't cut it by a trillion dollars. that's what we are talking about. >> moderator: what national security issues justify an increase? ryan: cutting 80,000 soldiers, 20 ,000 marines, 120 cargo planes, push the -- >> moderator: drawing down in one war. ryan: if the cuts go through, the nay -- navy will be the smallest it's been since world war i inviting weakness. we believe in peace through strength. don't impose devastating cuts on the military. we say don't cut the military by a trillion dollars. not increase it by a trillion. don't cut it by a trillion. >> moderator: quickly, i want to move on. biden: we don't call it. this so-called i know we don't want to question the automatic cut, but that was part of a debt deal the
ryan: they proposed a cut to defense to begin with, and now we have another $500 billion cut to defense that's lurking on the horizon. they encysted upon the cut involved in the debt negotiations. >> moderator: let's put the automatic defense cuts aside. no one wants that, but i want to know how do you do the math and have this increase in defense spending? ryan: you don't cut it by a trillion dollars. that's what we are talking about. >> moderator: what national security issues...
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defense increase? >> you want to get into defense now? >> yes, i do. buzz th because that's another math question. how do you do that? >> they proposed a $478 billion cut to defense to begin with. now, we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations so -- >> let's put the automatic defense cuts aside, okay? let's put that aside. no one wants that. but i want to know how you do the math and have this increase in defense spending. >> $2 trillion. >> you don't cut defense by a trillion dollars. that's what we're talking about. >> what national security -- >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes, we're going to push the -- >> drawing down in one war and one war -- >> if these cuts go through, our navy will be the smallest it has been since before world war i. this invites weakness. look. do we believe in peace through strength, you bet we do. that means you don't impose the devasta
defense increase? >> you want to get into defense now? >> yes, i do. buzz th because that's another math question. how do you do that? >> they proposed a $478 billion cut to defense to begin with. now, we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations so -- >> let's put the automatic defense cuts aside, okay? let's put that aside. no one wants that. but i want to know how you do...
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>> i feel like i have to rush to the defense of people who look boyish. >> but you're not running for vice president. >> thank god. >> but if you were, that would be part of the case you had to make that you were ready. this is not the most important issue tonight, but it has been bugging me as give been doing all this prep is when before mitt romney picked paul ryan he was making the case on the campaign trail that nobody should be allowed to run for president of the united states. amend the u.s. constitution so you couldn't run unless you had significant private sector experience, except for paul ryan who he picked to be his vice presidential nominee. do you think that distance between ryan and romney, ed, is the most important thing? most important opening tonight for joe biden? >> well, in your opening you talked about how they're very much the same. washingtonites. but the way they got there is a lot different. ryan's path was one of privilege. joe biden's was one of true middle class. i think tonight's debate is as much about how liberals are going to feel when it's over with, a
>> i feel like i have to rush to the defense of people who look boyish. >> but you're not running for vice president. >> thank god. >> but if you were, that would be part of the case you had to make that you were ready. this is not the most important issue tonight, but it has been bugging me as give been doing all this prep is when before mitt romney picked paul ryan he was making the case on the campaign trail that nobody should be allowed to run for president of the...
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just this week the libya situation put the president on the defensive. the economy speaks for itself. so the only place the voters can really see the obama-biden ticket under pressure is in the debates. on the other side we're hoping governor romney will sit for an interview with us. we're negotiating that right now. we'll have an update for you on monday. generally speaking, mr. romney has been more accessible than president obama, but it is true the romney campaign is playing it very safe. at the debate tonight, vice president biden is the experienced hand. he's 27 years older than paul ryan and biden knows how to attack. the congressman is an unknown quantity when it comes to dealing with this kind of pressure. but talking points expects mr. ryan to be armed with panels that might slow down mr. biden who will most likely go after ryan hard. be interesting to see hot congressman handles that. that's a memo. top of the story, four years ago it was sarah palin debating joe biden. >> all you got to do is go down union street and go to katy's restaurant or
just this week the libya situation put the president on the defensive. the economy speaks for itself. so the only place the voters can really see the obama-biden ticket under pressure is in the debates. on the other side we're hoping governor romney will sit for an interview with us. we're negotiating that right now. we'll have an update for you on monday. generally speaking, mr. romney has been more accessible than president obama, but it is true the romney campaign is playing it very safe. at...
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defense is interesting. these guys don't have a lot of control over defense budget. say you want to have -- i want more nuclear submarines i will give a big contract. those things cost a fortune. we don't have that money anymore. >> romney has called for five subs. >> you buy general dynamics and short it under obama because he' bringing up the private jet thing again. you and i want a gulfstream. and that's the only fol crumb name. the president did bash private jets. that's like the good old days. but yes, electric boat gets those contracts. they know how to make the best submarines in the world. >> you look at this as a mercenary, find ways to see what's going to happen no matter what happens. >> it's not about friends. look, take chesapeake, chesapeake is a company that wants to drill everywhere, second largest driller for natural gas and bingo, i mean that's a romney name like it or not. >> thank you so much. >> great to work with you. see you in the morning. >> right back up, when we come back after this debating the state of business made in the usa and how th
defense is interesting. these guys don't have a lot of control over defense budget. say you want to have -- i want more nuclear submarines i will give a big contract. those things cost a fortune. we don't have that money anymore. >> romney has called for five subs. >> you buy general dynamics and short it under obama because he' bringing up the private jet thing again. you and i want a gulfstream. and that's the only fol crumb name. the president did bash private jets. that's like...
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and the defense industrial establishment, losses. 19% in virginia comes from the defense establishment. you've got the largest naval base in the world. most voters are wondering where is the sequester but let's do it in a responsible way. >> it's willie geist. you said that you will not raise taxes on any american. what will you do in the lame duck session? will you come to the middle and entertain, at least rthe idea o a tax cut? >> willie, i want to pick up on some discussion that i heard in the earlier segment. and that is, the raising of taxes and dealing with the question of spending, that has been the hangup for the last two years and the president himself said back in -- two years ago, that there were going to be two questions left for this election which was going to be health care, the most disproportionate part of the spending at the federal level and taxes. and no question that this election is about taxes. we heard it last night and the vice president continues to say one thing that they will absolutely do is raise taxes on small businesses. he did not deny the fact that th
and the defense industrial establishment, losses. 19% in virginia comes from the defense establishment. you've got the largest naval base in the world. most voters are wondering where is the sequester but let's do it in a responsible way. >> it's willie geist. you said that you will not raise taxes on any american. what will you do in the lame duck session? will you come to the middle and entertain, at least rthe idea o a tax cut? >> willie, i want to pick up on some discussion that...
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increaseu're going to -- >> we are not going to cut the defense budget. >> no massive defense increase? how do you do that? >> a proposed $478 billion cut to defense. now we have another $500 billion cut defense that is working on the horizon. they insisted upon that being involved in the debt negotiations. >> no one wants that, but i want to know how you do the math. >> you do not cut the defense by a trillion dollars. we will cut 80,000 soldiers, 20,000 marines, 120 cargo planes. if these cuts go through, our navy will be the smallest it has been since before world war i. this invites weakness. do we believe in peace through strength? you bet we do. do not cut the military by a trillion dollars. not increase it by a trillion, do not cut it by a trillion. >> we do not cut it. this so-called automatic cut, that was part of the debt deal they asked for. let me tell you what my friend said at a press conference. we have been looking for this moment for a long time. >> can i tell you what that meant? >> the bipartisanship was what he voted for the automatic cuts in defense because they di
increaseu're going to -- >> we are not going to cut the defense budget. >> no massive defense increase? how do you do that? >> a proposed $478 billion cut to defense. now we have another $500 billion cut defense that is working on the horizon. they insisted upon that being involved in the debt negotiations. >> no one wants that, but i want to know how you do the math. >> you do not cut the defense by a trillion dollars. we will cut 80,000 soldiers, 20,000 marines,...
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they plan on getting rid of to pay for their five trillion dollar tax cut in their two trillion dollar defense buildup and they don't have answers to either what you're going to see tonight sam inventors for from joe biden is joe biden going to go out there he's going to articulate to the american people what is really at stake here what's at stake for the middle class how do we grow this economy from the middle and not trickle down because we know trickle down does not work and ryan's only answer to that is trickle down is the only answer because in the process of the problem the path to prosperity budget he put forward which mitt romney called a marvelous thing all they want to do is slash a lot of government programs that benefit the middle class of the working class in this country in exchange for tax cuts for millionaires and billionaires and i think that's how they're going to grow the economy what do you want fortunately for that we saw under george w. bush that doesn't work. what do you make of the goal though for why would why would ryan come out with such an audacious plan as you as
they plan on getting rid of to pay for their five trillion dollar tax cut in their two trillion dollar defense buildup and they don't have answers to either what you're going to see tonight sam inventors for from joe biden is joe biden going to go out there he's going to articulate to the american people what is really at stake here what's at stake for the middle class how do we grow this economy from the middle and not trickle down because we know trickle down does not work and ryan's only...
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on his diplomatic and ability to do .nything right tavis tavis: i suspect there will be a debate on defense spending. what will happen there? >> i am afraid there is not a big difference between the two parties. one of the things we will let hear about is the need to dramatically cut the military budget. there is a need and an ability to cut several hundred million dollars -- sorry, several hundred billion dollars from the military budget without in any way jeopardize and the safety and security of the people of this country. we will also not hear about the global impact of global warming, the environment. we will not hear about climate. we will not hear about global inequality. there is a whole range of issues that will simply not make it on to that debate agenda and the military budget is probably right at the top of the list. tavis: we shall see. two more debates to go. we thank you for your time. >> always a pleasure. tavis: that is our show tonight. you can download our app. thank you for watching. as always, keep the faith. >> for more information on today's show, visit tavis smiley o
on his diplomatic and ability to do .nything right tavis tavis: i suspect there will be a debate on defense spending. what will happen there? >> i am afraid there is not a big difference between the two parties. one of the things we will let hear about is the need to dramatically cut the military budget. there is a need and an ability to cut several hundred million dollars -- sorry, several hundred billion dollars from the military budget without in any way jeopardize and the safety and...
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>> no massive defense increase. >> you want to go to defense right now? >> yes, i do. that's another math question. how do you do that? >> they proposed cuts to defense to begin with, now we have another $500 billion cut to defense and they insisted that cut being involved in the debt negotiations. >> let's put the automatic defense cuts aside. >> okay. >> let's put that aside. no one wants that. i want to know, how do you do the math and have the increase in defense spending. >> you don't cut defense by a trillion. that's what we're talking about. >> what national security issue is justify an increase? >> we'll cut 80,000 soldiers, 20,000 marines, 120 cargo planes, we'll put the joint -- >> drawing down. and one more and one more. >> if these cuss go through, our navy will be the smallest it has been since before world war i. this invites weakness. do we believe in strength? you bet we do. you don't impose these devastating cuts on our military. don't cut the military by a trillion. not increase it by a million, don't cut it by a trillion. >> quickly, vi
>> no massive defense increase. >> you want to go to defense right now? >> yes, i do. that's another math question. how do you do that? >> they proposed cuts to defense to begin with, now we have another $500 billion cut to defense and they insisted that cut being involved in the debt negotiations. >> let's put the automatic defense cuts aside. >> okay. >> let's put that aside. no one wants that. i want to know, how do you do the math and have the...
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for the defense. no doubt. >> i like it. we'll start with the first down question. the fastest answer plus you have to get it right wins. what is the capital of minnesota. >> minneapolis. >> no. st.paul. >> it is 1-0 defense. no pressure brandon. >> second down, the hubert h. humphrey metrodome, the vikings stadium used to be home to this other pro minnesota team. >> i said it first. >> that is a tie. >> would do we give it to. >> we'll do a tie. third down. this is not a nickname for minnesota. a land of 10,000 lakes. the bred and butter state. the north star state or d they're all names. >> d. >> bread and butter state. >> or all of the above. >> all of the above. >> the bread and butter state. >> i've heard the 10,000 lakes one. never the other ones. >> that was a true process of elimination. >> we're tied up 2-2. this mall in bloomington, minnesota -- >> mall of america. >> that ain't fair. you need to finish asking the question. >> he knew it though. >> he didn't know what it was. >> you won, 4-1
for the defense. no doubt. >> i like it. we'll start with the first down question. the fastest answer plus you have to get it right wins. what is the capital of minnesota. >> minneapolis. >> no. st.paul. >> it is 1-0 defense. no pressure brandon. >> second down, the hubert h. humphrey metrodome, the vikings stadium used to be home to this other pro minnesota team. >> i said it first. >> that is a tie. >> would do we give it to. >> we'll do a...
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we are saying-- >>> no massive defense increase. >> you want to get into defense now. >> martha: i do. that's another math question. how do you do that? >> they propose a $4 sfail 78 billion cut to defense, to begin with. now we have another $500 billion cut to defense, lurking on the horr whereon. they insisted that in the debt negotiation it's. >> martha: let's -- let's put the automatic defense cuts aside. let's put this aside. no one wants that. but i want to know, how do you do the math and have this increase in dftion spending. >> $2 trillion. >> you don't cut defense by $twenty1 trillion. >> martha: what national security issues justify an increase. >> we are going to cut 80,000 soldier, 20,000 marines, 1 tent cargo planes. we are going-- >>> draw down from one war and one war -- >> if the cuts go through, the navy will be the smallest it has been since before world world w. this invites weakness. look, do we believe in peace through strength? you bet we do. that means don't impose the devastating cuts on the military. we are saying don't cut the military by $twenty1 trillion.
we are saying-- >>> no massive defense increase. >> you want to get into defense now. >> martha: i do. that's another math question. how do you do that? >> they propose a $4 sfail 78 billion cut to defense, to begin with. now we have another $500 billion cut to defense, lurking on the horr whereon. they insisted that in the debt negotiation it's. >> martha: let's -- let's put the automatic defense cuts aside. let's put this aside. no one wants that. but i want...
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and non-defense spending. i'm pleased to welcome him here to the cato. let me begin by introducing benjamin zycher. then we will continue with dr. fuller. thank you very much. [applause] >> thanks, chris, i appreciate it. and thanks to cato for hosting the event and thanks to all of you for your time and attention. i want to discuss the topics. first, the simple analytics of proposed reductions in defense outlays in the context of gdp growth and aggregate employment. second, i want to offer a few brief comments on steve fuller's recent estimates of economic effects of cuts in defense spending, estimates that have received a substantial amount of attention recently. when i do that, i ask that you keep a straight face, steve, unlike the festivities last night. third, if you summary data on defense outlays on the relationship between defense outlays and gdp growth. what i will not discuss today is the appropriate size and composition of the defense budget. that would require a delineation of u.s. interest, vital,
and non-defense spending. i'm pleased to welcome him here to the cato. let me begin by introducing benjamin zycher. then we will continue with dr. fuller. thank you very much. [applause] >> thanks, chris, i appreciate it. and thanks to cato for hosting the event and thanks to all of you for your time and attention. i want to discuss the topics. first, the simple analytics of proposed reductions in defense outlays in the context of gdp growth and aggregate employment. second, i want to...
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our own defense, it makes us more weak. when we look weak, our adversaries are much more willing to test us, more brazen in their attacks and allies are less -- >> with all due respect, that is a bunch of malarkey. >> why is that so? what's not a single thing is correct. be specific. security in his budget by $300@ million below what we asked for, number one. so much for that. number two, governor romney, before he knew the facts, before he even knew our ambassador was killed, he was out making a political statement which was panned by the media around the world. >> we will have more on the debate later in this show, and expanded by including some third party vice-presidential candidates. the 2012 nobel peace prize has been awarded to the european union at a time when 27-nation body is embroiled in a debt crisis that has sparked mass protests in spain and greece. the nobel committee cited the etan's historical leadership, including efforts to rebuild the continent after world war ii and promote stability after the fall of t
our own defense, it makes us more weak. when we look weak, our adversaries are much more willing to test us, more brazen in their attacks and allies are less -- >> with all due respect, that is a bunch of malarkey. >> why is that so? what's not a single thing is correct. be specific. security in his budget by $300@ million below what we asked for, number one. so much for that. number two, governor romney, before he knew the facts, before he even knew our ambassador was killed, he...
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joe biden was not on the defensive last night. he was dominating in that debate and i think you see the media narratives are often overdone. it was done last week and may be done this week. but it at least changed the way that the story is being told now and that's what biden really needed to do. >> margie, what was the fallout from this? what was the assets gained by the democrats if in fact biden performed well last night there was a cbs poll done and half of them said that biden won as opposed to a quarter or third said that ryan won. a new poll just got released just as i was heading over here, a reuter's poll, and that showed that biden won. two of the three polls that have been released show that voters gave biden the edge. it also, you know, really pokes a hole in this myth of ryan as somebody who, you know, says what he means when he's talking about the facts because he really hedged in a lot of places. he didn't offer clear distinctions with the president on their foreign policy. in numerous cases he dodged a question as
joe biden was not on the defensive last night. he was dominating in that debate and i think you see the media narratives are often overdone. it was done last week and may be done this week. but it at least changed the way that the story is being told now and that's what biden really needed to do. >> margie, what was the fallout from this? what was the assets gained by the democrats if in fact biden performed well last night there was a cbs poll done and half of them said that biden won as...
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i think he put biden immediately on the defensive and the administration has a huge problem here a credibility problem, it could be a cover-up or falsehood problem. i think you saw that. biden was incapable of conclusively saying anything and ryan looked very strong. >> we should mention jerry bernstein is at the table. the former economic advisor. former white house political director for former president george w. bush. how do you think he did? >> i thought he did great. i haven't heard any quite say that. he had a great debate the first hour in particular. on foreign policy i totally agree with the sentiment around the table, different from keith. i thought ryan comported himself well. i will say on foreign policy i thought ryan and romney sounded very bellicose, very out for war i believe didn't think resonated with the vice president and i don't believe will resonate with the public. while he did better on foreign policy, he did considerably worse, ryan, on the economy, the fiscal issues, on the stimulus i thought he had a bona fide embarrassing moment when the vice president called him o
i think he put biden immediately on the defensive and the administration has a huge problem here a credibility problem, it could be a cover-up or falsehood problem. i think you saw that. biden was incapable of conclusively saying anything and ryan looked very strong. >> we should mention jerry bernstein is at the table. the former economic advisor. former white house political director for former president george w. bush. how do you think he did? >> i thought he did great. i haven't...